SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY UNDER THE TRUST
INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A
TRUSTEE PURSUANT TO SECTION 305(b)(2) ____________
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(Jurisdiction of incorporation (I.R.S. Employer
if not a U.S. national bank) Identification No.)
48 Wall Street, New York, New York 10286
(Address of principal executive offices) (Zip code)
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ARIZONA PUBLIC SERVICE COMPANY
(Exact name of obligor as specified in its charter)
Arizona 86-0011170
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
400 North Fifth Street
Phoenix, Arizona 85004
(Address of principal executive offices) (Zip code)
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Senior Notes*
(Title of the indenture securities)
*Specific title(s) to be determined in connection with sale(s) of Senior Notes
Item 1. General Information.*
Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervising authority to which
it is subject.
Superintendent of Banks of the 2 Rector Street, New York, N.Y. 10006
State of New York and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation 550 17th Street, N.W., Washington, D.C. 20429
New York Clearing House Association New York, N.Y.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None. (See Note on page 2.)
Item 16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission,
are incorporated herein by reference as an exhibit hereto, pursuant to Rule
7a-29 under the Trust Indenture Act of 1939 (the "Act") and Rule 24 of the
Commission's Rules of Practice.
1. - A copy of the Organization Certificate of The Bank of New
York (formerly Irving Trust Company) as now in effect,
which contains the authority to commence business and a
grant of powers to exercise corporate trust powers.
(Exhibit 1 to Amendment No. 1 to Form T-1 filed with
Registration Statement No. 33-6215, Exhibits 1a and 1b to
Form T-1 filed with Registration Statement No. 33-21672 and
Exhibit 1 to Form T-1 filed with Registration Statement No.
33-29637.)
4. - A copy of the existing By-laws of the Trustee. (Exhibit 4
to Form T-1 filed with Registration Statement No.
33-31019.)
6. - The consent of the Trustee required by Section 321(b) of
the Act. (Exhibit 6 to Form T-1 filed with Registration
Statement No. 33-44051.)
7. - A copy of the latest report of condition of the Trustee
published pursuant to law or the requirements of its
supervising or examining authority.
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*Pursuant to General Instruction B, the Trustee has responded only to
Items 1, 2 and 16 of this form since to the best of the knowledge of the Trustee
the obligor is not in default under any indenture under which the Trustee is a
trustee.
NOTE
Inasmuch as this Form T-1 is being filed prior to the ascertainment by
the Trustee of all facts on which to base a responsive answer to Item 2, the
answer to said Item is based on incomplete information.
Item 2 may, however, be considered as correct unless amended by an
amendment to this Form T-1.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in The City of New York, and
State of New York, on the 15th day of May, 1997.
THE BANK OF NEW YORK
By: WALTER N. GITLIN
Walter N. Gitlin
Vice President
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EXHIBIT 7
(Page 1 of 3)
Consolidated Report of Condition of
THE BANK OF NEW YORK
of 48 Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries, a member of the Federal Reserve
System, at the close of business December 31, 1996, published in accordance with
a call made by the Federal Reserve Bank of this District pursuant to the
provisions of the Federal Reserve Act.
Dollar Amounts
ASSETS in Thousands
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Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin ................................. $ 6,024,605
Interest-bearing balances ............................... 808,821
Securities:
Held-to-maturity securities ............................. 1,071,747
Available-for-sale securities ........................... 3,105,207
Federal funds sold in domestic
offices of the bank: .................................... 4,250,941
Loans and lease financing
receivables:
Loans and leases, net of unearned
income .....................................31,962,915
LESS: Allowance for loan and
lease losses ............................... 635,084
LESS: Allocated transfer risk
reserve .................................... 429
Loans and leases, net of unearned
income, allowance, and reserve ........................ 31,327,402
Assets held in trading accounts ........................... 1,539,612
Premises and fixed assets (including
capitalized leases) ..................................... 692,317
Other real estate owned ................................... 22,123
Investments in unconsolidated subsid-
iaries and associated companies ......................... 213,512
Customers' liability to this bank on
acceptances outstanding ................................. 985,297
Intangible assets ......................................... 590,973
Other assets .............................................. 1,487,903
Total assets .............................................. $52,120,460
EXHIBIT 7
(Page 2 of 3)
LIABILITIES
Deposits:
In domestic offices...................................... $25,929,642
Noninterest-bearing.......................... 11,245,050
Interest-bearing............................. 14,684,592
In foreign offices, Edge and
Agreement subsidiaries, and IBFs.......................... 12,852,809
Noninterest-bearing............................. 552,203
Interest-bearing............................. 12,300,606
Federal funds purchased and securities
sold under agreements to repurchase
in domestic offices of the bank and
of its Edge and Agreement subsidiaries,
and in IBFs:
Federal funds purchased.................................... 1,360,877
Securities sold under agreements to
repurchase............................................... 226,158
Demand notes issued to the U.S.
Treasury................................................... 204,987
Trading liabilities.......................................... 1,437,445
Other borrowed money:
With original maturity of one year or less................. 2,312,556
With original maturity of more than
one year ................................................ 20,766
Bank's liability on acceptances
executed and outstanding................................... 1,014,717
Subordinated notes and debentures............................ 1,014,400
Other liabilities............................................ 1,721,291
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Total liabilities............................................ 48,095,648
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EQUITY CAPITAL
Common stock................................................. 942,284
Surplus...................................................... 731,319
Undivided profits and capital
reserves................................................... 2,354,095
Net unrealized holding gains (losses)
on available-for-sale securities........................... 7,030
Cumulative foreign currency
translation adjustments.................................... (9,916)
Total equity capital......................................... 4,024,812
Total liabilities and equity capital........................ $52,120,460
EXHIBIT 7
(Page 3 of 3)
I, Robert E. Keilman, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Robert E. Keilman
We, the undersigned directors, attest to the correctness of this Report
of Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
J. Carter Bacot )
Thomas A. Renyi ) Directors
Alan R. Griffith )